IDEAS home Printed from https://ideas.repec.org/a/tpr/asiaec/v4y2005i3p165-202.html
   My bibliography  Save this article

Enhancing Singapore's Competitiveness: Some Fundamental Rethinking

Author

Listed:
  • Tan Khee Giap

    (Division of Banking and Finance, Nanyang Business School, Nanyang Technological University, Singapore)

  • Chen Kang

    (Division of Economics, School of Humanity and Social Sciences, Nanyang Technological University, Singapore)

Abstract

Singapore's economy faces some major concerns resulting from intensified regional competition and the transformation from being investment-driven to innovation-driven. This paper examines (1) the accumulation and utilization of huge government surpluses in the past 40 years; (2) the country's total cost structure (e.g., land, wages, and regulatory costs); (3) the relationships among small and medium-sized enterprises, government-linked companies, and multinational corporations; and (4) the product and market diversification that is needed to mitigate the impacts on unemployment resulting from structural changes and the transition from manufacturing to services. Singapore's comparative and competitive advantages as a strategic hub of economic activities in Asia are examined and policy recommendations are put forward. Copyright (c) 2006 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.

Suggested Citation

  • Tan Khee Giap & Chen Kang, 2005. "Enhancing Singapore's Competitiveness: Some Fundamental Rethinking," Asian Economic Papers, MIT Press, vol. 4(3), pages 165-202, Fall.
  • Handle: RePEc:tpr:asiaec:v:4:y:2005:i:3:p:165-202
    as

    Download full text from publisher

    File URL: http://www.mitpressjournals.org/doi/pdfplus/10.1162/asep.2005.4.3.165
    File Function: link to full text
    Download Restriction: no

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tpr:asiaec:v:4:y:2005:i:3:p:165-202. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ann Olson). General contact details of provider: https://www.mitpressjournals.org/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.